You must be aware that Amazon CEO Jeff Bezos is currently the richest man in the world. This is after he surpassed Microsoft’s founder Bill Gates who was previously the richest man in the world.
With this, it is understood that the net worth of Jeff Bezos will be hitting the roof. Therefore, it is also obvious that the most expensive things in the world won’t be quite as costly for Bezos. But a new report regarding Jeff Bezos is quite staggering related to one of his recent purchases.
It is known that Jeff Bezos recently bought a new property in Los Angeles which is said to the costliest property in the whole of LA. Bezos bought this property from David Geffen, another wealthy man, for $165 million.
This property is situated in Beverly Hills and spread across nine acres and it is known as Warner Estate. Even more interesting is the fact that even though Jeff Bezos has bought this property, it is only worth an eighth of a per cent of his net worth which stands at $131.9 billion right now.
As far as Warner Estate is concerned, it was built for the former president of Warner Bros., Jack Warner. It is also known that a decade went by in building this property which has terraces, guest houses, a tennis court as well as a golf course.
Now, this once again ignites the argument regarding the majority of our web ruled by businesses and people who have their net worth which might be equal to the GDP of entire countries.
It is also said that the top richest person of the world can buy this property from the interest on their investment and they get away with paying minimum income tax too. For example, Amazon paid $162 million in income tax last year which is just 1.2% of its total income.